# Portfolio overlap — FICS vs QLVD

Comparing **First Trust International Developed Capital Strength ETF** (2026-03-31) and **FlexShares Developed Markets ex-US Quality Low Volatility Index Fund** (2026-01-31).

- Shared positions: 29
- First Trust International Developed Capital Strength ETF covered by FlexShares Developed Markets ex-US Quality Low Volatility Index Fund: 0.2309409688434666485583967299
- FlexShares Developed Markets ex-US Quality Low Volatility Index Fund covered by First Trust International Developed Capital Strength ETF: 0.2309409688434666485583967298

## First Trust International Developed Capital Strength ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| IMPERIAL OIL LTD | 0.030672 |  |
| RIO TINTO PLC | 0.027236 |  |
| BHP GROUP LTD | 0.025406 |  |
| GSK PLC | 0.025131 | ✓ |
| SINGAPORE TELECO (LOT SIZE 100) | 0.023531 | ✓ |
| COCA-COLA HBC AG | 0.023485 |  |
| TORONTO-DOMINION BANK | 0.023463 | ✓ |
| SINGAPORE EXCH | 0.023437 | ✓ |
| Novartis AG (Registered) | 0.023175 | ✓ |
| ASTRAZENECA PLC | 0.023085 | ✓ |
| ALFA LAVAL AB COMMON STOCK | 0.022914 |  |
| ITOCHU CORP | 0.022741 |  |
| GREAT-WEST LIFEC | 0.022615 | ✓ |
| DEUTSCHE BOERSE | 0.022426 | ✓ |
| ROCHE HOLDING AG | 0.022136 |  |
| ROYAL BANK OF CANADA | 0.022081 | ✓ |
| EURONEXT NV | 0.021843 | ✓ |
| LOBLAW COS LTD | 0.021494 | ✓ |
| HANNOVER RUECK S | 0.021383 |  |
| AENA SME SA | 0.021189 | ✓ |
| Prudential Public Limited Company | 0.020791 |  |
| INDITEX SA | 0.020753 | ✓ |
| ALLIANZ SE (REGD) | 0.020663 | ✓ |
| FERROVIAL SE | 0.020532 |  |
| POSTE ITALIANE | 0.020093 |  |
| ZURICH INSURANCE | 0.020034 | ✓ |
| MUENCHENER RUE-R | 0.019820 | ✓ |
| PAN PACIFIC INTERNATIONAL HOLDINGS LTD | 0.019458 | ✓ |
| Kone OYJ, Class B | 0.019407 | ✓ |
| SGS SA-REG | 0.018949 | ✓ |
| NEXT PLC | 0.018947 | ✓ |
| SAMPO OYJ-A SHS | 0.018899 | ✓ |
| SAFRAN SA | 0.018756 |  |
| BUREAU VERITAS S | 0.018644 |  |
| SWISS RE AG | 0.018211 |  |
| NESTLE SA (REG) | 0.018196 | ✓ |
| L'OREAL SA ORD | 0.017786 |  |
| SCHINDLER HLD-PC | 0.017381 | ✓ |
| RECKITT BENCKISE | 0.016843 |  |
| CGI INC | 0.016715 | ✓ |
| SONOVA HOLDING A | 0.016504 |  |
| UNILEVER PLC | 0.016355 | ✓ |
| Compass Group PLC | 0.016305 | ✓ |
| ARISTOCRAT LEISURE LTD COMMON STOCK | 0.015035 |  |
| OBIC COMPANY LTD | 0.014920 | ✓ |
| SIKA AG-REG | 0.014883 |  |
| SAGE GROUP PLC/T | 0.014702 |  |
| Amadeus IT Holding, S.A. | 0.014493 | ✓ |
| UNIVERSAL MUSIC GROUP NV | 0.013996 | ✓ |
| 3I GROUP PLC | 0.011311 |  |

## FlexShares Developed Markets ex-US Quality Low Volatility Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Treasury Repurchase Agreement | 0.038021 |  |
| Novartis AG (Registered) | 0.036178 | ✓ |
| UNILEVER PLC | 0.025507 | ✓ |
| ROYAL BANK OF CANADA | 0.021854 | ✓ |
| Sanofi SA | 0.017930 |  |
| NESTLE SA (REG) | 0.015376 | ✓ |
| CAN IMPL BK COMM | 0.014929 |  |
| MITSUBISHI CORP | 0.014808 |  |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.014592 |  |
| IBERDROLA SA | 0.014588 |  |
| ASML Holding NV | 0.014574 |  |
| DEUTSCHE TELEKOM | 0.013152 |  |
| MUENCHENER RUE-R | 0.013009 | ✓ |
| DBS GROUP HLDGS | 0.012931 |  |
| JAPAN POST BANK | 0.011384 |  |
| OCBC BANK | 0.010373 |  |
| FRANCO-NEVADA CORP | 0.010201 |  |
| ZURICH INSURANCE | 0.010143 | ✓ |
| BANK LEUMI LE-IS | 0.009547 |  |
| BANK HAPOALIM | 0.009467 |  |
| ENGIE | 0.009329 |  |
| TAKEDA PHARMACEU | 0.009256 |  |
| CAN NATL RAILWAY | 0.009003 |  |
| DANONE SA | 0.008822 |  |
| Compass Group PLC | 0.008718 | ✓ |
| FERGUSON ENTERPRISES INC | 0.008680 |  |
| POWER ASSETS | 0.008648 |  |
| SWISS PRIME -REG | 0.008592 |  |
| DEUTSCHE BOERSE | 0.008574 | ✓ |
| SHIONOGI & CO | 0.008538 |  |
| CK INFRASTRUCTURE HOLDINGS LTD | 0.008502 |  |
| KDDI Corporation | 0.008474 |  |
| Kone OYJ, Class B | 0.008337 | ✓ |
| AENA SME SA | 0.008269 | ✓ |
| SOFTBANK CORP | 0.008192 |  |
| MIZRAHI TEFAHOT | 0.008171 |  |
| NATL BK CANADA | 0.008168 |  |
| KPN (KONIN) NV | 0.008167 |  |
| SHELL PLC | 0.008160 |  |
| SGS SA-REG | 0.008144 | ✓ |
| BOC HONG KONG HO | 0.008122 |  |
| HALEON PLC | 0.008103 |  |
| SCHINDLER HLD-PC | 0.008035 | ✓ |
| SINGAPORE EXCH | 0.007991 | ✓ |
| SAMPO OYJ-A SHS | 0.007789 | ✓ |
| GEBERIT INTERNATINAL AG | 0.007716 |  |
| CAPITALAND INTEG | 0.007704 |  |
| LINDT SPRUENGLI AG PC | 0.007594 |  |
| JAPAN TOBACCO | 0.007594 |  |
| INTACT FINL CORP | 0.007380 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-020409` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1552740/000094040026020409/0000940400-26-020409-index.htm>
- N-PORT (fund B) — accession `0002071691-26-006231` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1491978/000207169126006231/0002071691-26-006231-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_